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i oppose obama care. but i want to go back to this whole technical issue of the screw up around the website. question number one, mr. deinz has come in as the savior and putting this back together in some shape or form. why didn't they go to a guy like zients to quarterback this operation in the first place because, as i'm sure you would agree, the political catastrophic downfall of obama because of this website has been just completely off the charts. if they had done this right with a quarterback, you know, zients is a talented guy. why didn't they start there? >> you got me, larry. i agree with you completely that the past two months -- my job has been much more difficult because there that's been significant political fallout from fact that this website has been a mess. that the launch has been riddled with and made all our jobs much more difficult on the side of people who support obama care. no question whatsoever. i think what we see now, those is the president has taken ownership of this. he fixed
i oppose obama care. but i want to go back to this whole technical issue of the screw up around the website. question number one, mr. deinz has come in as the savior and putting this back together in some shape or form. why didn't they go to a guy like zients to quarterback this operation in the first place because, as i'm sure you would agree, the political catastrophic downfall of obama because of this website has been just completely off the charts. if they had done this right with a...
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the breaking news is that president obama will be speaking on former south african president, nelson mandela's death. we will bring you that on the other side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he recently took his daughters to africa and i believe they went to robben island to see the cell where nelson mandela was held. that was a moving moment for this and of course nelson mandela is watched throughout his lifetime as the struggle against apartheid reached fruition. when he was still in law school, he had been at robben island, president of south africa. all said they expect that the president will attend nelson mandela's funeral. >> global history for that matter of nelson mandela being the first black president of south africa and barack obama first black president of the united states. >> there is
the breaking news is that president obama will be speaking on former south african president, nelson mandela's death. we will bring you that on the other side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he...
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that, of course, president obama on his obama care marketing blitz, leading up to the fast approaching december 23rd sign-up deadline. now that's a mere 18 days away. now, here's the fact. enrollment needs to double by december 23rd, just to hit obama's half million mark. and another fact, to date, it is estimated that some four to five million americans have had their current health care policies canceled. a lot more folks will have lost health insurance than have gained it under obama care. that looks like the forecast. anyway, let's talk. we have democratic strategist steve mcmahon and emily miller, "washington times" opinion page senior editor. emily, go to you first. welcome. thank you for coming on the show. by the time we get to that week, december 23rd to january 1st, are there going to be more uninsured than insured? is the table going to be turned against obama care? >> absolutely, larry. this house of cards that is obama care is falling down already. the problem is the whole thing was based on the scheme that they were going to get young people who are healthy to sign up so
that, of course, president obama on his obama care marketing blitz, leading up to the fast approaching december 23rd sign-up deadline. now that's a mere 18 days away. now, here's the fact. enrollment needs to double by december 23rd, just to hit obama's half million mark. and another fact, to date, it is estimated that some four to five million americans have had their current health care policies canceled. a lot more folks will have lost health insurance than have gained it under obama care....
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president obama tries everything we can to get the attention away from the obama care, anything. today he went back to his old stand by, the rich. for more on the president's remarks about, quote, income inequality, end quote, let's bring in nbc's own steve handelsman. steve. >> reporter: larry, thanks. this was president obama trying to refocus on helping the middle class that he said relative to the rich was in a long, slow slide from the 1970s and seemed to be doing better when housing and wall street got super hot six years ago. >> when the music stopped and the crisis hit, millions of families were stripped of whatever cushion they had left, and the result is an economy that's become profoundly unequal. >> mr. obama in professor mode had stats. america's top 10% now earn half of all u.s. income, up he said from 1/3. ceos he said used to make 20 to 30 times what workers do, now he said make 273 times more and the top 1% of americans who have net worts now 288 times what a typical u.s. family has. >> that is a dangerous and growing inequality and lack of upward mobility that h
president obama tries everything we can to get the attention away from the obama care, anything. today he went back to his old stand by, the rich. for more on the president's remarks about, quote, income inequality, end quote, let's bring in nbc's own steve handelsman. steve. >> reporter: larry, thanks. this was president obama trying to refocus on helping the middle class that he said relative to the rich was in a long, slow slide from the 1970s and seemed to be doing better when housing...
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in this although there will be an increase in aviation fees, something that the house and senate and obama administration expressed tsh in before. they do hit things we are waiting to see whether or not there is any sort of agreement. democrats made that last minute demand. we don't think it will be part of this deal. we may get an agreement to vote on a short term extension. the congress should do by the end of next week with something good to tell their constituents. >> appreciate it. a budget deal will be announced. i want to pull this back into the taper. part of that is the notion that there will be a budget deal. does that increase the odds in your view? >> it's amazing how the stars -- maybe it's not amazing. >> the job's numbers are better. the deal comes through. >> it's all coming together. >> the fed could not do anything. >> this is great news. the two brain cells part of this is i think this is the next leg up. if you get corporations to start to believe, that is how this economy will heal. that's what we need. group one, automotive. joins us. >> thank you. good to be here. >>
in this although there will be an increase in aviation fees, something that the house and senate and obama administration expressed tsh in before. they do hit things we are waiting to see whether or not there is any sort of agreement. democrats made that last minute demand. we don't think it will be part of this deal. we may get an agreement to vote on a short term extension. the congress should do by the end of next week with something good to tell their constituents. >> appreciate it. a...
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i always like to >>> team obama proclaims mission accomplished insisting the obama care website is working much better. but, is it really? only 100,000 people supposedly signed up successfully last month. we have breaking news on the continued breakdown of back-end payment-related communications with the insurance companies. in other words, all those folks who enrolled may not be enrolled. and the white house won't fess up. and none of this can hide the cold, hard fact, obama care is a bad product. its health plans cost more, provide less service and choice and it's a budget-buster for washington. you can bet this will be the number one issue of the 2014 elections and beyond. >>> as we begin the holiday season, we pay extra attention to pope francis' criticism of capitalism. his apparent view that the state will solve the problems of poverty, not the market. i must say, with the greatest of humility as a devout catholic, i completely disagree with his holiness. all those stories and much more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow
i always like to >>> team obama proclaims mission accomplished insisting the obama care website is working much better. but, is it really? only 100,000 people supposedly signed up successfully last month. we have breaking news on the continued breakdown of back-end payment-related communications with the insurance companies. in other words, all those folks who enrolled may not be enrolled. and the white house won't fess up. and none of this can hide the cold, hard fact, obama care is a...
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after five weeks of intensive work to try to get things up to speed, the obama administration says they cannot accommodate up to 800,000 users a today, 50 thousands at a time. if you go on healthcare.gov this morning, you will find yourself waiting in a queue. they do now, as part of their technical fix, have a queueing system that will hold your place in line and get back to you. nonetheless, the site overwhelmed as we entered the peak pertain for people who want to enroll before january 1st. at this clinic in philadelphia, the queue clinic, hakeem has been helping people sign up. he says it is night and day on the site. over the last few days, he says, it's been very smooth and he's been able to help people sign up online start to finish and for a time has felt like he's making progress. >> it tax like two minutes to get the results. this is what ear eligible for, would you like to enroll, and choosing a pair, some plans and premiums. it works very well now. so it's exciting that people can come in and in like, half an hour, find insurance. it's rewarting. >> a sort familiar with the
after five weeks of intensive work to try to get things up to speed, the obama administration says they cannot accommodate up to 800,000 users a today, 50 thousands at a time. if you go on healthcare.gov this morning, you will find yourself waiting in a queue. they do now, as part of their technical fix, have a queueing system that will hold your place in line and get back to you. nonetheless, the site overwhelmed as we entered the peak pertain for people who want to enroll before january 1st....
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. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been trying to sell the business for the last year. >>> take a short break. still to come. german elections. protests in the west. politics dominating 2013. the next one says it will be a bit risky. here to stay. >>> you're watching "worldwide exchange." i'm ross west gatd. your headlines, europe fails to build on asia. a weakening on the yen. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to you. if you've just joined us state side, welcome to the start of your global trading week here on cnbc. we snapped eight weeks of gains last week in th
. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been...
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president obama relaunching the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes off. >> and there's been a lot of buzz online and on social networks about that minimum wage discussion we had yesterday with the mcdonald's worker. take a lynn. >> have you asked for a raise before? >> i have and i was pretty much told it's going to come eventually. just wait. >> coming up former council of economic advisers says be careful what you wish for. raising the minimum wage will only end up hurting the very people it's intended to help. he's join us on the "closing bell." stick with innovation. stick with power. stick with technology. get the new flexcare platinum from
president obama relaunching the push to get american to sign up for obama care. but is he jumping the gun with his website still not 100%? what about all those complaints over sky high premiums? up next we'll talk to former ubs chairman robert wolf who has been one of president obama's closest allies on wall street. >> apple shares on a roll after a strong started to the holiday shopping season. we'll hear from somebody who says investors should buy this stock now before it really takes...
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president barac barack obama. also in japan, businesses and consumer sentiment appear to be heading in opposite directions. fushiko has more for us from tokyo. >> hi, ross. japanese consumer confidence improved in november, up 11.3 points from the previous month. the index shows more people turned optimistic on the overall economy, income growth and the job market. the government says consumer confidence continues to improve and it's keeping its assessment unchanged. on the other hand, sentiment at large japanese companies took a turn for the worst. the fourth quarter index came down from 12 points in the previous quarter as a weaker yen caused import prices of oil and minerals to rise. the finance ministry said the index will make a comeback to 11.8 in the fourth quarter next year and large firms hope consumer spending will expand before the april tax hike. the outlook falls in the quarter when the hike comes into effect as business conditions are expected to worsen. ross, back to you. >> thanks for that. meanwhi
president barac barack obama. also in japan, businesses and consumer sentiment appear to be heading in opposite directions. fushiko has more for us from tokyo. >> hi, ross. japanese consumer confidence improved in november, up 11.3 points from the previous month. the index shows more people turned optimistic on the overall economy, income growth and the job market. the government says consumer confidence continues to improve and it's keeping its assessment unchanged. on the other hand,...
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under obama america has added 2.3 million millionaires. an increase from 6.7 to 9 million plus, and he's been following a lot of that coverage for us. jeff hull tweeting the word strong appears 69 times in today's beige book, down from 99 in the october 16 release. haven't really had a chance to talk much about the beige book but did have an undercurrent of weakness, confusing given some of the other pockets of strength that we've seen. also this story. after uber saying it's going to deliver christmas trees in some cities conor saying i'm wonder if we'll look back at uber as just a car service as we did look the at amazon as being just for books back in 1988. >> phil and i were talking how far we've come as a country, as a nation, as citizens, technology just in the last 0 years. just staggering. >> i think about warren buffett. remember when he was skeptical about a microsoft or about an apple as investments because they weren't -- didn't fall into his understandability. >> i don't know it. >> and today, and then he was saying to people
under obama america has added 2.3 million millionaires. an increase from 6.7 to 9 million plus, and he's been following a lot of that coverage for us. jeff hull tweeting the word strong appears 69 times in today's beige book, down from 99 in the october 16 release. haven't really had a chance to talk much about the beige book but did have an undercurrent of weakness, confusing given some of the other pockets of strength that we've seen. also this story. after uber saying it's going to deliver...
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the obama administration doesn't care about this woman, right? >> i am telling you that the law they passed and promoted is not working for average people. it's causing huge disruption and harm and anguish for these people. we ought to fix that. and one of the ways you can do it is not just say we don't care, damn the torpedos, full speed ahead. >> that's kind of what we're seeing happen, though. >> well, absolutely. >> i'm with you on that, both sides, sort of, there's so much partisan backdrop to the whole thing. i don't know if anyone's thinking about the actual individuals that are being affected by this. >> i disagree. we argued from the -- you're going to impact individuals. they said, listen, we're going to help 15% of the population and ruin it for 85. we said that upfront. said this is going to be -- >> and the democrats would say, you want the law to go by the wayside and not cover the -- you don't care about the 41 million that don't have insurance in the first place. >> that is so wrong. absolutely. >> how are you going to fix it -- >
the obama administration doesn't care about this woman, right? >> i am telling you that the law they passed and promoted is not working for average people. it's causing huge disruption and harm and anguish for these people. we ought to fix that. and one of the ways you can do it is not just say we don't care, damn the torpedos, full speed ahead. >> that's kind of what we're seeing happen, though. >> well, absolutely. >> i'm with you on that, both sides, sort of, there's...
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president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for is a raise in pay and sit down with the industry for negotiationing a plan to transiti
president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what...
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more from phil lebeau along with steve ratner who led the obama administration's emergency rescue of the auto industry and melissa lee also joins us. phil, why don't you kick it off and tell us about this new ceo, what her history is, what she's known for and why she got the nod? >> she came up on the operations side of the business and a gm lifer there for 33 years. but more importantly, she is highly respected within this company as somebody who has been pushing gm to think differently, to act differently. in fact, she's well known for once telling the design listen don't build any more crappy cars. i know people might laugh at that but that's a blunt assessment of how general motors needs to approach building vehicles and has been approaching building vehicles ever since it went through the restructuring. steve can talk more about that but i do want to play for you one interesting sound bite this morning from a conference call with ceo dan akerson when i asked him point blank, what is the significance of a woman running general motors given the historical background of gm being th
more from phil lebeau along with steve ratner who led the obama administration's emergency rescue of the auto industry and melissa lee also joins us. phil, why don't you kick it off and tell us about this new ceo, what her history is, what she's known for and why she got the nod? >> she came up on the operations side of the business and a gm lifer there for 33 years. but more importantly, she is highly respected within this company as somebody who has been pushing gm to think differently,...
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you know i love obama care. >> of course. >> we've got another threat to obama care, inertia. a brand new survey that shows among uninsured, the folks obama care is supposed to help out, two-thirds of those people aren't aware of the new laws and feeling they aren't prepared for it. readers are gobbling that up. we already have 12,000 hits and climbing and climbing. >> and we're spreading the word. >> finally, diana olick is weighing in with her look at what's going on with the mortgage rates and mortgage market. mortgage debt is growing. you might take that as a sign people are borrowing more money because it's a sign foreclosures are going down. she's digging deep into the numbers. our readers are digging deep into it. >> the nuance is so important. allen, thank you so much, sir. appreciate it. have a good evening. >>> apparently people aren't clicking on volcker so much but one of the more important stories today because it's official. tougher bank rules are here to stay. fed, securities and exchange commission among those voting to approve volcker rule. kate kelly in the m
you know i love obama care. >> of course. >> we've got another threat to obama care, inertia. a brand new survey that shows among uninsured, the folks obama care is supposed to help out, two-thirds of those people aren't aware of the new laws and feeling they aren't prepared for it. readers are gobbling that up. we already have 12,000 hits and climbing and climbing. >> and we're spreading the word. >> finally, diana olick is weighing in with her look at what's going on...
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insurance agents are feeling left out of obama care. and the article uses the example of one agent who helped work with a hot line to pick a mid-level health plan. but refused to credit the man as an agent on the application, that means he wouldn't get his commission or be listed as the follow-up contact. then there's the story all over the place. cedar sinai aren't covered. the best -- they think they're too expensive -- and the journal, the deductibles on some of these of people that don't have a lot of access to money are going to be really, really high too. you know, the glitches on the obama care website, that's just -- that is the very first. but there's back end glitches too. >>> other washington stories this morning. this is the final week of 2013 where both houses of congress are scheduled to be in session at the same time. optimism for a budget deal. house and senate negotiators are reportedly putting the finishing touches on a compromise. to reduce the debt, to close tax loopholes to do anything to reform entitlement programs
insurance agents are feeling left out of obama care. and the article uses the example of one agent who helped work with a hot line to pick a mid-level health plan. but refused to credit the man as an agent on the application, that means he wouldn't get his commission or be listed as the follow-up contact. then there's the story all over the place. cedar sinai aren't covered. the best -- they think they're too expensive -- and the journal, the deductibles on some of these of people that don't...
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the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ] that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks wit
the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ]...
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. >> because of obama care. that's what ryan said, he came in and told us. >> everything's about obama care. they ought to get off this -- >> let's get off it, please. >> yeah. >> i have a question. right now, and you -- i would love for you to sit down with two people. stan druckenmiller about generational theft. children aren't born yet. >> i talk about that all the time. >> you know what, here's an effort where we can make it together. let's get out to all these colleges because you know and i know if you energize these kids and you're going to vote on an entitlement bill. you've got a bunch of people trying to vote you out of office. we all know one thing, the first thing that matters down here is getting reelected. >> what i've told my caucus, you cannot govern a great country like america in a 24-month cycle. >> i agree with you. >> you can't do it, you're going to take long-term risk, long-term view. that's why the budget deal's so bad. let me tell you something, we have unemployment insurance to talk abo
. >> because of obama care. that's what ryan said, he came in and told us. >> everything's about obama care. they ought to get off this -- >> let's get off it, please. >> yeah. >> i have a question. right now, and you -- i would love for you to sit down with two people. stan druckenmiller about generational theft. children aren't born yet. >> i talk about that all the time. >> you know what, here's an effort where we can make it together. let's get out...
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we have, obviously, obama care. is that going to possibly be a hindrance to growth and expansion next year or is it just going to be a stimulus for your line of work? >> you know, i don't know if it will be a stimulus for our line of work. but for the companies we work with, aca hasn't impacted them that much. they have more administrative costs, slightly, but it really hasn't impacted them that much because they all have 200 or more employees. dodd/frank, it's been a work in process for a long time. i don't know if there's anything necessarily today that's going to affect it. i think the one thing, the headwind is, potential more regulation as well. >> that's always going to be the case. >> always. >> when have you ever said, there's not enough regulation out there? what is your biggest headwind? >> our biggest headwind, i think, is the government shutdown potential, the debt ceiling issue. frankly, we need comprehensive tax legislation. and if we got that, i think it would make us all more competitive. certainly h
we have, obviously, obama care. is that going to possibly be a hindrance to growth and expansion next year or is it just going to be a stimulus for your line of work? >> you know, i don't know if it will be a stimulus for our line of work. but for the companies we work with, aca hasn't impacted them that much. they have more administrative costs, slightly, but it really hasn't impacted them that much because they all have 200 or more employees. dodd/frank, it's been a work in process for...
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care and i will call it obama care. many call it the affordable care act because it's so unaffordable in its current shape. remember nancy pelosi and her comments if you want to know what's in it, you had to vote for it? there are so many of them. there's been work ongoing all weekend to try to come up with the final details says house speaker madigan's people. why do we elect people, put them on staff? if that's the way it is, i understand. i'm a pragmatic realist. in the end, i would think it's important that somebody reads it before they pass it because i think all the surprises in obama it's not fair to put many public workers back in this kind of gray area again. this is supposed to save $150 billion over the next several decades and all eyes will be focused on illinois because it's the worst and it's trying to get better. back to you, simon. >>> tweet time. jeff bezos reveals they are experimenting with drone-based delivery. the service amazon prime air could be ready in the next four or five years and could carry
care and i will call it obama care. many call it the affordable care act because it's so unaffordable in its current shape. remember nancy pelosi and her comments if you want to know what's in it, you had to vote for it? there are so many of them. there's been work ongoing all weekend to try to come up with the final details says house speaker madigan's people. why do we elect people, put them on staff? if that's the way it is, i understand. i'm a pragmatic realist. in the end, i would think...
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investment the obama administration has made. i'm very pleased. >> let's talk about what this means for women, and i'm looking at a profile from this past summer where they mentioned her time in hr at gm, and in the words of one consultant, she had a difficult time getting credibility, because she was in hr before, even though she is obviously an electrical engineer. are we done with that are we out of that phase for good now? >> boy, i sure hope so. the fact that she's a great people leader, what's wrong with that she knows finance, but particularly because she's an engineer and she knows cars, and that's what general motors has lacked for, like, 30 years, they haven't had anyone at the top, other than bob stimple, and we're getting the operators coming into the top job, like ursa labernes, and, of course, people like meg whitman, and indra newy, so there's a lot of female lion of executives, and i don't like the pejorative stuff as hr being a negative. i look add at as a positive. >> we have janet yellen taking over for the fed
investment the obama administration has made. i'm very pleased. >> let's talk about what this means for women, and i'm looking at a profile from this past summer where they mentioned her time in hr at gm, and in the words of one consultant, she had a difficult time getting credibility, because she was in hr before, even though she is obviously an electrical engineer. are we done with that are we out of that phase for good now? >> boy, i sure hope so. the fact that she's a great...
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i'd like you to come up with a policy you can recommend to president obama on the air right now that would be better than the minimum wage. because recall, 40% of unemployed people today are long-term unemployed, disproportionately in the bottom 20% and those people will be hurt by minimum wage increases. but you and i agree that minimum wage people could make more money to support their families better. what's a better policy starting right now that president obama should be talking about instead of what he's doing, which is hurting poor people such they can make more money no matter how much it costs. >> look, just to be clear. i like the question, but i don't agree with the premise. i do think a moderate increase would help. to answer the part of your question that i agree with, here's what i think he should do. the earned income tax is a very important pro work subsidy. this is a good way to help low-wage people. but for childless adults, adults who don't have kids, it's rea y really -- i would increase the childless adult part of the earned income credit so that single folks can
i'd like you to come up with a policy you can recommend to president obama on the air right now that would be better than the minimum wage. because recall, 40% of unemployed people today are long-term unemployed, disproportionately in the bottom 20% and those people will be hurt by minimum wage increases. but you and i agree that minimum wage people could make more money to support their families better. what's a better policy starting right now that president obama should be talking about...
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Dec 3, 2013
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president obama will try to make the case again to the american people for his health care reform program. it has hit several stumbles still launching in october. >>> as the british prime minister visits china, the country's polit bureau expands domestic demand and pushes forward its key reform. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> if you've just joined us stateside, u.s. futures are indicating a softer start after the close we saw yesterday. the s&p down nearly five right now. the dow is some, what, 35 points below fair value? the nasdaq at the moment is on fair value, just about the s&p 500 is around 3.5 points below fair value. european equities have been soft and we're down near the session lows. the cac 40 in france, up 1.5%. the italian market down 0.5%. meanwhile, u.s. vice president joe biden and the japanese prime minister shinzo abe have been giving a statement in tokyo. japanese prime minister abe saying we cannot accept china's one sided air defense zone over the east china sea through which japan has been fly
president obama will try to make the case again to the american people for his health care reform program. it has hit several stumbles still launching in october. >>> as the british prime minister visits china, the country's polit bureau expands domestic demand and pushes forward its key reform. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> if you've just joined us stateside, u.s. futures are indicating a...